1748 Old Mill Springs Road, Monticello, KY 42633

Dunagan's Store - Historic Landmark

A once-in-a-lifetime opportunity to own one of Mill Springs' most historic and recognizable landmarks-known locally as Dunagan's Store sitting on 1.21 +/- Acres, originally constructed in 1890. This remarkable property has served the community for over a century as a post office, restaurant, retail shop, and ice cream parlor. The structure offers endless potential for continued commercial use or conversion into a bed-and-breakfast, boutique lodging, or other specialty business. The current owners have preserved much of the building's original charm, including its authentic country-store architecture, while making modern improvements for functionality. The main level features an open retail or parlor layout with high ceilings and period details. The upper level includes living quarters that could serve as an owner's residence, manager's apartment, or short-term rental space. Located directly across from Mill Springs National Park and the Brown-Lanier House, both part of the Mill Springs Battlefield National Monument, this property sits in a high-visibility, historically rich corridor that draws consistent visitor traffic. The Mill Springs Mill, operated by the U.S. Army Corps of Engineers, remains one of Kentucky's most visited historic attractions, featuring an 1877 overshot water wheel and hosting annual festivals and guided tours. The property is also positioned just over three miles from Conley Bottom Resort & Marina on Lake Cumberland, a major regional hub for boating, fishing, and vacation tourism. This proximity to lake traffic and recreation creates additional business opportunities for entrepreneurs seeking to capture both local and seasonal markets. The parcel can be divided into two lots but is currently offered together as one combined sale. Lot 1 includes the historic store building, offered at a valuation of approximately $159,900. Lot 2 fronts Highway 1275 with excellent road visibility and is valued at approximately $170,000. Together they offer strong investment flexibility and future development options. The front Highway 1275 lot provides a wide range of potential uses-such as boat or RV storage, small-scale campground or cabin development, or other lake-oriented commercial ventures. Buyers are advised to confirm zoning and utility availability for any specific plans. The property's combination of history, location, and flexible use potential makes it one of the most distinctive offerings in Wayne County. This is an outstanding opportunity for investors, preservation enthusiasts, or business owners seeking a location that offers both historical significance and economic potential. Whether restored for continued retail or dining use, transformed into a destination lodging experience, or expanded to serve lake traffic with complementary amenities, the possibilities are truly unique. Property is being sold together as a single offering. Any future subdivision, survey, or development approvals will be the responsibility of the buyer. Buyer to verify acreage, zoning, utilities, access, and any historic-district considerations.